Why MGM Resorts Stock Jumped Today

MGM Resorts International MGM shares traded higher on Tuesday after BetMGM announced a multi-year North American partnership extension with the National Hockey League.

What To Know: BetMGM announced the partnership extension on Tuesday before the market open. The sports betting and iGaming operator will now create customized VIP fan experiences and offer league and team-branded casino games, among other new features.

"Our partnership extension with the NHL enables us to enhance the BetMGM product and offer fans unforgettable entertainment built around the game they love," said BetMGM CEO Adam Greenblatt. "The NHL is more thrilling than ever – a symphony of athleticism, teamwork, and skill on skates. We look forward to bringing our customers exceptional live experiences and new content."

Shares of the stock rose over 4% on Tuesday.

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MGM Price Action: Shares of MGM were up 3.42% at $45.03 at the close of the market, according to Benzinga Pro.

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